Hidrock Properties
People:
Hidrock Properties portfolio
$18.6 million* – condo 50%, elevator 30%; Manhattan 50%, Brooklyn 49%
1833th largest portfolio by dollar value
85,597 sqft – elevator 49%, condo 37%;
2127th largest by SF
5 properties – Brooklyn 60%, Manhattan 40%
1556th largest
52 residential units – Brooklyn 80%, Manhattan 19%
2134th largest by residential units
2 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Seller company: 12 for $98.2 million
Top Ten Associated Companies:
Elite Group International NY (2), Avdoo & Partners Development (2), Lotus Design International (2), Cofinance Group (2), Piermont Bank (1), Lev Haimoff (1), Lazard Asset Management (1), RedSky Capital (1), James Jung (1), Yeol Kim (1)
Top Ten Associated People:
In Yeol Kim (2), Shlomo Avdoo (2), Kunal Agarwal (2), Mark Winter-Gitelson (2), Lev Haimoff (1), Kevin Tsao (1), James Jung (1), Yeol Kim (1), Avi Lieberman (1), Carlos Carvajal (1)
Recent activity as company:
• Hidrock Properties sold 112 Liberty Street, Financial District, Manhattan for $21.7 million to Hiwin Group USA on April 08, 2024.
• Hidrock Properties sold 192 Prospect Park West, South Slope, Brooklyn for $7 million to Yuval Jacob on March 28, 2024.
• Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $4 million to Don Choi on October 23, 2023.
• Hidrock Properties sold 12 East 48th Street, Midtown East, Manhattan for $2.1 million to Eduard Kandinov on September 14, 2023.
• Hidrock Properties sold 110 Boerum Place and 96 Boerum Place, Boerum Hill, Brooklyn for $20.1 million to Avdoo & Partners Development on July 31, 2023.
• Hidrock Properties sold 148 10th Avenue, 146 10th Avenue, and 150 10th Avenue, Chelsea, Manhattan for $26.9 million to Benchmark Real Estate Group on July 05, 2023.
• Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $2.1 million to A to Z Media on June 28, 2023.
• Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $4.1 million to Formosa Asset Group on June 15, 2023.
• Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $5.5 million to Elite Group International NY on May 24, 2023.
• Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $2.1 million to Lotus Design International on April 21, 2023.
Latest Stories:
• Yuval Jacob pays $7M to Hidrock Properties for retail in South Slope (March 29, 2024)
• $39M FiDi foreclosure auction set for this month (January 11, 2024)
• Avdoo & Partners pays $20.1M to Hidrock for retail in Boerum Hill (August 01, 2023)
• Benchmark pays Hidrock $26.9M for 3 Chelsea walkups (July 06, 2023)
• Emerald Creek alleges $23.5M Hidrock FiDi loan in maturity default (June 29, 2023)
• Formosa Asset Group pays $4.1M to Hidrock for office condo in Garment District (June 16, 2023)
• Elite Group pays $5.5M to Hidrock for two retail condos in Garment District (May 25, 2023)
• Avdoo & Partners in contract to buy fire-damaged Boerum Hill site from Hidrock (February 28, 2023)
Court Records:
Properties: